If you are looking to buy a home in Peoria, you should continue to expect to pay a pretty penny for a little while.
The Peoria housing market continues to remain knee-deep in a seller’s market, and while it’s reasonable to expect price appreciation to slow down at some point, there is little evidence at this stage to show prices declining in the near future, according to the most recent Cromford Report.
In April, nearly 60% of closings were over the asking price and had a 22% appreciation rate compared to April 2021.
